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Topic: Crypto can be less volatile than gold? - page 6. (Read 2340 times)

sr. member
Activity: 896
Merit: 251
October 19, 2018, 02:42:17 PM
I think it is too early to ask such questions. Crypto is too young not to be volatile. But one day it can happen that crypto will be like gold
Agree. Crypto market has so short history that we can't tell about volatility as solid fact. But I think crypto never will be as gold. They have absolutely different essence and purpose. At least gold is physical thing (we don't say about gold futures). On the market without physical delivery it's the same today already
newbie
Activity: 62
Merit: 0
October 19, 2018, 02:33:59 PM
yes this difficulty is summed up by the fact that governments and banks do not recognize their potential for use, so the price is always unstable
member
Activity: 210
Merit: 10
October 19, 2018, 02:15:37 PM
Why gold? and not for example expensive stones. I honestly see little resemblance between this. Because gold always keeps a stable price. A cryptocurrency can be changed a thousand times a day.
hero member
Activity: 826
Merit: 500
October 19, 2018, 02:36:37 PM
I think it is too early to ask such questions. Crypto is too young not to be volatile. But one day it can happen that crypto will be like gold
full member
Activity: 630
Merit: 103
October 19, 2018, 02:12:03 PM
Of all the cryptocurrencies I could compare with gold only Bitcoin and then, gold is stability, and cryptocurrencies can not relate to something stable.
member
Activity: 350
Merit: 10
October 19, 2018, 01:14:31 PM
To some extent, I agree with you,but we must take into account that gold has long sought the position in which it is now, and I think that kipto needs much more time.
full member
Activity: 630
Merit: 100
October 19, 2018, 12:59:45 PM
Volatility is the major part of every field investment either it is commodity market or crypto market because up and down is necessary for earning. But it is not clear that crypto is less volatile than gold because gold up and down are very low and it is running from so many years. Is show that gold is less volatile.
member
Activity: 364
Merit: 10
October 19, 2018, 12:50:00 PM
Goverments control gold price and they wouldn't let to speculation. BTC is not controlled by a group and it can't be more stable than gold. Compared to gold, there are also so many differences in supply and demand.

That's correct people will rather prefer cryptocurrency than gold. I have mentioned on many occasions that popularity makes a product or stuff more and more popular. Gold will be very stable as it goes up and down in a very rare instance. Crypto will give you a good return with good profit.
full member
Activity: 336
Merit: 100
October 19, 2018, 12:31:54 PM
I think that it can become true after 30-50 years when everyone will use cryptocurrency or hold it like gold savings. But in near future, it will not happen, but we can still get rich by using this volatility in trading.
member
Activity: 332
Merit: 12
October 19, 2018, 11:38:08 AM
Many people compare crypto to gold, and I see so many similarities as well.

I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will  be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.

What do you guys think?

No, cryptocurrency can't be less volatile than gold. How could a decentralized digital coins be less volatile? There is no way because these coins are not controlled by a single entity or group. The decentralized nature of cryprocurrency is actually the one responsible for making these coins highly volatile. The prices may change drastically in either way. Unlike golds are controlled by centralized systems.
jr. member
Activity: 153
Merit: 1
October 19, 2018, 11:26:14 AM
I think it's kinda possible but not in the near future. Crypto have to settle down in lifes of people and maybe then it could be less volatile than gold.
member
Activity: 630
Merit: 10
rocket.hashbon.com
October 19, 2018, 11:17:23 AM
The two are very promising and profitable things for investment. However, so far, crypto is more volatile than gold. Although the percentage is different, they are worthy to invest. If thinking about which will be more or less volatile, I myself cannot predict it exactly. They are growing and also changing.
full member
Activity: 672
Merit: 100
October 19, 2018, 10:12:03 AM
It is difficult to say because today there is not and there will not be accurate information on how the situation with cryptocurrencies will develop in the world, because in some countries cryptocurrencies are normally accepted in others, everything is very sad
member
Activity: 686
Merit: 10
October 19, 2018, 10:08:15 AM
it can be happen when BTC passes $100000+. because when its value is bigger. then the percentage of up or down will be lower. currently we can see 10% increase or decrease normally. but after btc reaches huge value and be stable there then we will see 1% to 3% price changes most of time.
full member
Activity: 322
Merit: 100
October 19, 2018, 09:40:02 AM
I believe that the potential of cryptocurrency is much greater than the yellow metal. But this potential needs to be properly developed. In the meantime, gold looks more profitable.
full member
Activity: 378
Merit: 100
October 19, 2018, 09:37:41 AM
I don't think, gold is more stable and crypto will never be stable because the crypto movement depends on market changes, demand and supply will make crypto keep changing its value.
If I were just the opposite of gan for indeed in the last few months the price of gold is indeed quite can count on gan but when current crypto duani also still not stable many coin that has not been the listings also gan
hero member
Activity: 770
Merit: 505
October 19, 2018, 09:25:53 AM
Price of the bitcoin and other cryptos changes very often that we can not really imagine or expect to change on a particular day.
Gold is very very old and much more stable than any other cryptocurrency and to become the bitcoin as stable as gold should pass many years or many many decades.
The bitcoin may seems stable now for the past months but still it is not as stable as gold because anytime we can see any crash or any pump of the price.
member
Activity: 512
Merit: 10
September 25, 2018, 04:46:17 PM
Cryptocurrencies are volatile because of the small size of the market. I also think when it goes like  x 10 it will become more stable. Enjoy the volatility until that  and make profit by trading.
member
Activity: 196
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
September 25, 2018, 01:09:28 PM
Many people compare crypto to gold, and I see so many similarities as well.

I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will  be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.

What do you guys think?
the idea is fascinating. it is natural that it can become more stable in case daily basis trading is involved. but let's not to forget crypto is a closed subject for those who don't understand internet at least
member
Activity: 448
Merit: 10
September 25, 2018, 12:55:07 PM
For the moment not, I have always said that if we want to have something similar to a mass adoption and not remain something relatively niche, the value of cryptos or at least bitcoin has to be normalized much more, at least this week has remained between $ 6200 and 6700 is a good progress but probably not enough.
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